Shares of Pacific Gas & Electric Co. (NYSE:PCG) Sees Large Inflow of Net Money Flow

Pacific Gas & Electric Co. (NYSE:PCG) traded with a cut of -0.12 points or -0.19% at $62.9 per share. As per the last available information, the stock aggregated $10.53 million in upticks and $7.73 million in downticks, keeping the net money flow capped at $2.8 million. The up/down ratio was found to be 1.36. For the week, the shares have seen a change of 2.19% in the share price.A block trade of $1.18 million in upticks and $0 million in downticks also took place during the day. The up/down ratio for the block stood at 0. The net money flow for this transaction was $1.18 million.


Currently the company Insiders own 0.14% of Pacific Gas & Electric Co. shares according to the proxy statements. Institutional Investors own 81.77% of Pacific Gas & Electric Co. shares. During last six month period, the net percent change held by insiders has seen a change of -31.31%. On the companys insider trading activities, Harvey Kent M, officer (SVP, Finance) of Pg&E Corp, unloaded 17,920 shares at an average price of $56.24 on March 4, 2016. The total amount of the transaction was worth $1,007,821, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

Pacific Gas & Electric Co. (NYSE:PCG) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.42 points or 0.67% at $62.6 with 2,174,200 shares getting traded. Post opening the session at $63.04, the shares hit an intraday low of $62.57 and an intraday high of $63.435 and the price was in this range throughout the day. The company has a market cap of $31,052 million and the number of outstanding shares have been calculated to be 496,042,310 shares. The 52-week high of Pacific Gas & Electric Co. (NYSE:PCG) is $63.431 and the 52-week low is $47.33.

Many analysts have stated their opinion on the company shares. Equity Analysts at the Brokerage Firm, Deutsche Bank, upgrades their rating on the shares of Pacific Gas & Electric Co. (NYSE:PCG). Deutsche Bank has a Buy rating on the shares. Previously, the analysts had a Hold rating on the shares. The rating by the firm was issued on April 18, 2016.

PG&E Corporation is a holding company. The Companys primary operating subsidiary is Pacific Gas and Electric Company (the Utility). The Utilitys operations include electric utility operations and natural gas utility operations. It operates in northern and central California. The Utility generates electricity and provides electricity transmission and distribution services throughout its service territory in northern and central California to residential, commercial, industrial and agricultural customers. The Utility provides natural gas transportation services to customers, which include small commercial and residential customers, and to non-core customers, which include industrial, commercial, and natural gas-fired electric generation facilities that are connected to the Utilitys gas system in its service territory.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.